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Friday, May 25, 2012

Sell IWM (sell calls)

Sell IWM via selling Jul 85 calls @76.6

I am now short strangles (both puts and calls) on the Russell 2000 ETF. A short strangle is a bet on a trading range. There is not much premium in the 85 calls. I see 85 as big time resistance if there is a rally. I am still net long IWM.

I am tempted to short strangles on SLV too, but my trading history with silver is spotty at best.

About Me

I now have two blogs, a piano blog
(link1)
and a stock market blog (link2).

Piano intro: I am a whistle and Irish flute player that started playing piano keyboard in March 2012. Mostly I compose and play my original tunes on my Casio PX-150 digital piano, which I bought in January 2013. I started in 2012 with a Yamaha NP11 keyboard.

Intro for trading blog: I am an individual investor posting a public trading diary. I am not here to give advice. I post my trades and thoughts for public consideration. Mostly it helps to keep myself straight. As of 2012, my favored trades are selling naked puts and strangles.